Press release
2025-2034 Feed Taste Enhancers Market Roadmap: Insights for Competitive Advantage
Feed Taste Enhancers Market
How Large Will the Feed Taste Enhancers Market Size By 2025?
In recent times, the market size of feed taste enhancers has expanded swiftly. The market is projected to ascend from $3.13 billion in 2024 to approximately $3.45 billion in 2025, marking a compound annual growth rate (CAGR) of 10.2%. Factors such as the environment, consumer requirements for high-quality animal products, feed production methods, species-specific recipes, and the ratio of feed conversion have contributed to the historical growth.
How Big Is the Feed Taste Enhancers Market Size Expected to Grow by 2029?
Anticipations are high for the feed taste enhancers market, as it is projected to experience significant growth in the coming years, reaching a worth of $5.03 billion in 2029 with a compound annual growth rate (CAGR) of 9.9%. This predicted expansion during the forecast period is largely due to focus on research and investment in development, growth in aquaculture and pet food sectors, emphasis on optimizing feed efficiency, changing consumer tastes and demand for functional feed additives. Upcoming trends over this forecast period will be led by natural and organic solutions, development in palatability solutions, application of microencapsulation technology, personalization of feed solutions and research into animal behaviors and preferences.
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Which Key Market Drivers Powering Feed Taste Enhancers Market Expansion and Growth?
The growth of the feed taste enhancers market is anticipated to be driven by the increasing demand for animal feed. Animal feed, encompassing a mix of ingredients like grains, corn, soybeans, hay, and forage, is the food provided to domestic or farm animals. Feed taste enhancers not only enhance the taste making it more enticing and palatable for the animals but also improve their health. As an illustration, the Agriculture and Horticulture Development Board, a UK-based levy board funded by farmers and growers, released data in March 2024 revealing that the total production of GB animal feed inclusive of integrated poultry units (IPU) for the ongoing season (from July to January) reached 7.81 million tonnes (Mt). This marks a 1.3% growth in comparison to the volumes recorded during the same timeframe in the previous year, which was 7.71 Mt. Hence, the ascending demand for animal feed is playing a substantial role in fuelling the expansion of the feed taste enhancers market.
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Which Fast-Growing Trends Are Poised to Disrupt the Feed Taste Enhancers Market?
The dominant trend rising to prominence in the feed taste enhancer market is product invention. To solidify their market dominance, key businesses within the feed taste enhancer sector are initiating groundbreaking feed enhancer commodities. For illustration, ADM, an animal feed production firm based in the US, debuted two groundbreaking feed taste enhancer items in November 2022 - SUCRAM M'I Sweet and SUCRAM Specifeek under its SUCRAM sequence. These revolutionary sweeteners have been designed to augment the delectability of feed, particularly for neonate livestock such as newly weaned pigs. Through the use of plants and sweeteners as nutritional aids, breeders can boost feed consumption and productivity, and foster the energy and overall welfare of their animals.
What Are the Emerging Segments in the Feed Taste Enhancers Market?
The feed taste enhancers market covered in this report is segmented -
1) By Type: Flavors, Sweeteners, Aroma Enhancers
2) By Source: Natural, Synthetic
3) By Application: Poultry, Swine, Cattle, Pets, Aquaculture, Other Applications
Subsegments:
1) By Flavors: Natural Flavors, Artificial Flavors, Essential Oils, Flavor Enhancers
2) By Sweeteners: Sugars, Non-caloric Sweeteners, Sugar Alcohols
3) By Aroma Enhancers: Natural Aroma Compounds, Synthetic Aroma Compounds, Extracts And Concentrates, Flavoring Agents
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Who Are the Global Leaders in the Feed Taste Enhancers Market?
Major companies operating in the feed taste enhancers market include Associated British Foods PLC, Kerry Group plc, Symrise AG, Adisseo France SAS, Elanco Animal Health Incorporated, Kent Nutrition Group Inc, Kemin Industries Inc, Diana Food SAS, Tanke International Group Limited, DuPont de Nemours Inc, Cargill Incorporated, Nutriad International NV, Agri-Flavors Inc, Alltech Inc, Archer Daniels Midland Company, BIOMIN Holding GmbH, DSM NV, Flavorchem Corporation, Firmenich SA, Givaudan SA, Ingredion Incorporated, International Flavors & Fragrances Inc, Kalsec Inc, Mane SA, McCormick & Company Incorporated, Norel Animal Nutrition, Origination O2D
Which are the Top Profitable Regional Markets for the Feed Taste Enhancers Industry?
Asia-Pacific was the largest region in the feed taste enhancers market in 2024. The regions covered in the feed taste enhancers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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